https://www.taxtmi.com/caselaws?id=437471 The High Court upheld the ITAT's decision regarding challenges to the Income Tax Appellate Tribunal's order for assessment years 2009-10 and 2010-11. The appellant, a partnership firm in road repairs/construction, faced discrepancies in purchases flagged as bogus by the Sales Tax Department. The AO treated these as bogus purchases, but the CIT(A) and ITAT only added the profit element to income. The High Court affirmed this approach, emphasizing the completion of works allotted to the appellant by semi-Government Agencies as evidence of genuine purchases. The appeals were dismissed with no substantial legal questions identified. en-us Thu, 04 May 2023 00:00:00 +0530 Mon, 26 Jun 2023 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437471 The High Court upheld the ITAT's decision regarding challenges to the Income Tax Appellate Tribunal's order for assessment years 2009-10 and 2010-11. The appellant, a partnership firm in road repairs/construction, faced discrepancies in purchases flagged as bogus by the Sales Tax Department. The AO treated these as bogus purchases, but the CIT(A) and ITAT only added the profit element to income. The High Court affirmed this approach, emphasizing the completion of works allotted to the appellant by semi-Government Agencies as evidence of genuine purchases. The appeals were dismissed with no substantial legal questions identified. Case-Laws Income Tax Thu, 04 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437471